How are property taxes calculated?
The portioned assessed value of a property divided by 1000, multiplied by the mill rate determines the amount of taxes payable on each property.
What is the penalty/interest rate charged on overdue property taxes?
A 1.25% interest rate is charged per month on the overdue balance.
When are the tax bills sent out?
Tax bills are usually mailed out in June of each year.
What if I want to make an early payment for taxes?
Any tax payments that are paid prior to receipt of the tax bill will be credited towards the tax account.
I sent in a payment for the amount that was stated on my tax bill but yet I received a receipt showing there are still taxes owing. Why?
If there were arrears owing on the tax statement, then the tax amount due would change each month because of the monthly penalty charge.
I mailed in my tax payment in the middle of November. I just received my paid receipt, and it shows that there is a balance owing. Why?
Payment was likely received after October 31st. Payment MUST be received by October 31st to prevent late payment charges.
Is there a discount for paying taxes early?
No. There is no discount for early payment.
How much does it cost for a tax certificate?
The cost for a tax certificate is $30.
I just purchased a property in Hanover, when will I receive my tax bill, and can I apply for the Resident Tax Credit?
When you purchase a property part way through a calendar year, you or your lawyer will make arrangements of who is responsible for what portions of the taxes charged. The Education Property Tax Credit available from the province can be applied for if you are the owner and resident of a property as of January 1 of the given year. Otherwise, you must apply for this tax credit when you complete your income tax form.
Do you send out monthly tax statements?
No, the tax bills are printed by Intergovernmental Affairs and will be mailed out once during the middle of the year.